Who keeps the Engagement Ring After a Break-Up?

Who keeps the Engagement Ring After a Break-Up?

I enjoy listening to the “Mike & Mike Show” on ESPN Radio during my morning commute.  I remember on one show that they were discussing a lawsuit filed by NFL player, Mario Williams, against his ex-fiancee seeking the return of a $785,000 engagement ring. So they posed the question for each of their in-studio guests:  Should the ex-fiancee get to keep the engagement ring?

Opinions varied, but the general consensus was that she should have to return the ring, unless the engagement ended because of infidelity by Williams. Interesting opinions.  And actually not that far off from what the law actually requires.… Read the rest

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Proposed Change in Seat Belt Law Hurts Tennessee Accident Victims

Proposed Change in Seat Belt Law Hurts Tennessee Accident Victims

A proposed bill in the Tennessee Legislature would change a decades-old law that was designed to protect accident victims and protect the taxpayors.

 

Since 1986, the law made it inadmissible in court whether an injured person was wearing his seat belt.  This legal rule makes perfect sense if you stop and think about it for a minute.  Indeed, if a negligent driver causes an accident – let’s say, for example, because he was texting while driving, or perhaps because he was drunk – should he somehow bear LESS responsibility for his actions because the innocent person he crashes into wasn’t wearing a seat belt?

 

Of course not.
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Interesting TN Law Prohibiting Tracking Devices on Vehicles

Interesting TN Law Prohibiting Tracking Devices on Vehicles

I ran across an interesting TN statute the other day, Tenn. Code Ann. § 39-13-606, which states in pertinent part that:

It is an offense for a person to knowingly install, conceal or otherwise place an electronic tracking device in or on a motor vehicle without the consent of all owners of the vehicle for the purpose of monitoring or following an occupant or occupants of the vehicle.

In other words, you should probably think twice before purchasing a tracking device from one of the those “I Spy” type stores in an effort to keep tabs on, or gather evidence against, a spouse or partner.  Not only does violation of the statute constitute a Class C misdemeanor, but I also imagine that any illegally secured evidence would be subject to challenge in civil court as well.  In other words, that smoking gun evidence you think you’re getting from the tracking device might actually end up getting thrown out anyway.… Read the rest

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Gun Trusts: Feinstein’s Bill Addresses Handguns Too.

Gun Trusts: Feinstein’s Bill Addresses Handguns Too.

According to the Washington Post, Senator Feinstein’s gun control bill not only seeks to severely restrict the sale and transfer of modern sporting rifles, but also “prohibits the sale or transfer of high-capacity, ammunition-feeding devices currently in existence” – a clear reference to gun magazines that hold more than 10 rounds.

While most gun owners don’t own an AR-15, millions of Americans own handguns for personal defense.  Many if not most of these “regular” handguns are sold with magazines that hold 10 rounds.  It’s these personal defense weapons that Senator Feinstein seeks to restrict.  If her bill becomes law, millions of Americans will no longer be able to sell, give away or pass their handgun to their family in their will.

It is unlikely that the entirety of the proposed bill will become law.  However, is seems probable that portions of the proposed legislation will.  If you are interested in maintaining control of your firearms, call us now to set up a Gun Trust at 901-372-5003.

For more info, click here for our Read the rest

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URGENT UPDATE & PRICE REDUCTION -Time may be running out to protect your guns with a Gun Trust

URGENT UPDATE & PRICE REDUCTION

Today, multiple U.S. Senators are formally introducing legislation that bans the manufacture and sale of hundreds, if not thousands of guns.  While the news coverage of the proposed legislation will characterize the proposed laws as being an “assault weapons ban,” in reality many handguns and shotguns will be included.  Additionally, gun owners’ ability to transfer their guns to their family members may be severely restricted or even banned.

In light of the short time frame that gun owners may have to legally protect their firearms, Patterson Bray is now offering a basic Gun Trust for only $675.  Call us now to create your Gun Trust before it is too late: 901-372-5003.

For more info, click here for our previous blog post about Gun Trusts.… Read the rest

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Let Us Help You Protect Your Guns With A Gun Trust – Before It’s Too Late

Let Us Help You Protect Your Guns With A Gun Trust – Before It’s Too Late

The current political climate creates tremendous uncertainty for gun owners.  If you act now by creating a Gun Trust, you can be assured that your guns can stay in your family forever.

A Gun Trust is typically used to streamline the purchase of class 3 firearms, suppressors, fully automatic rifles, or short rifles.  However, in light of the current political climate, gun owners should seriously consider a transfer of ALL of their guns into a Trust in  order to avoid certain proposals under consideration that would ban ALL transfers of any so-called “assault weapon” (which would include hundreds of guns) as well as any magazine that holds more than 10 rounds.

One of the key Senate proposals under consideration would ban any and all transfers of certain guns and magazines – to ANYONE – including your own children.  You wouldn’t even be able to have your guns pass to your children through your Will at your death!  Instead, your guns and magazines would presumably be confiscated by the government at your death.… Read the rest

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Reminder: Final 2012 Estimated Tax Payment due TODAY! (Jan. 15)

Reminder: Final 2012 Estimated Tax Payment due TODAY! (Jan. 15)

For all you estimated tax filers, here’s a friendly reminder that your next payment (using IRS Form 1040-ES) is due TODAY, January 15, 2013.

NOTE: Estimated taxes are generally paid by self-employed persons, although others are potentially required to file. According to the IRS website instructions: “Estimated tax is the method used to pay tax on income that is not subject to withholding. This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes and awards. You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough.”

MORE:  Previous Blog Post — What is an Estimated Tax Payment, and Who is Required to Make Them?Read the rest

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American Taxpayer Relief Act of 2012

American Taxpayer Relief Act of 2012

Happy New Year!  We hope this finds you having enjoyed a joyous and relaxing holiday season.  As you may know, on Wednesday, January 2, 2013, the President signed into law the American Taxpayer Relief Act of 2012. The new law contains some favorable provisions for taxpayers and donors and provides some certainty, for at least another year, and in some cases, permanently.  Below we have included some highlights of changes in effect for 2013 in the areas of charitable and estate planning:

The IRA Charitable Rollover

As we expected, donors age 70½ or older are once again eligible to transfer up to $100,000 from their IRAs directly to qualified charities without having to pay income taxes on the qualified distribution in 2013. In addition to the extension of the IRA Rollover provision for 2013, Congress provided two special transition rules:

1) Qualified distributions made by February 1, 2013, may be counted retroactively for the 2012 tax year.  This means that it is possible for those who act in a timely manner to make IRA … Read the rest

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Halloween Safety — Homeowners, Trick-or-Treaters, and the Law

How to Prepare This Halloween

Halloween is a great time of year – costumes, hayrides, haunted houses and candy!  However, homeowners should be mindful of the legal responsibilities they owe visitors to their property.

Later this month, homeowners  will have a variety of ghosts, princesses, vampires, and angry birds trick-or-treating at their doorstep.  Halloween night poses many risks for homeowners because you are essentially opening your home and property to the public.  As you may or may not know, you owe what lawyers call a ‘duty of reasonable care’ to each child or visitor that comes onto your property.

Here are some commonsense tips to fulfill your duty of care and protect visitors to your property this year:

  1. Keep Your Property Well-Lit – Be mindful that trick-or-treaters will be cutting through all parts of your property to find your front door, so try to make sure that your front porch is adequately lit for them to easily find their destination.  By keeping the path to your home and front step well-lit, you can prevent potential slip-and-falls by trick-or-treaters wondering into
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Chancellor Overturns Election, Rules that Millington Referendum Passed (Court Order attached)

Chancellor Overturns Election, Rules that Millington Referendum Passed (Court Order attached)

As we earlier hoped and predicted in previous blog posts here and here, the Chancery Court today overturned the Election Commission’s initial certification and finding that the recent Millington Sales Tax Referendum failed.  The Court further declared that after accounting for the unlawful votes that were cast during the election, the Referendum did, in fact, actually pass.

The Memphis Commercial Appeal report is here.

 … Read the rest

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